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Mortgage renewals in a rising rates environment
Housing market activity and prices have declined as per the latest market reports and the Bank of Canada continues to combat inflation with rate hikes that have been affecting the cost of borrowing. CIBC’s deputy chief economist, Benjamin Tal, describes what’s happening today as a reallocation of activity and a necessary adjustment after the record high activity levels we’ve seen…
Read moreBank of Canada raises policy rate by 0.5%
The Bank of Canada has raised its policy rate by 0.5% as it continues its efforts to curb high inflation…
Bank of Canada Raises Policy Rate By 0.75%
The Bank of Canada has raised its policy rate by .75%, an increase that was expected as the Bank continues its…
Different times call for different mortgage solutions
Rising rates and their effect on the economy, the housing market, and Canadian household finances, continue to be hot topics in…
Bank of Canada raises its benchmark rate by 1%
The Bank of Canada increased the policy interest rate by 1%, an increase that exceeded expectations and the largest since 1998, as the bank…